“Overthrow the Government” | Paul Craig Roberts: “The Whole Thing Is a Fraud”

  The Market Ticker – Paul Craig Roberts: “The Whole Thing Is a Fraud” For those who don’t know who this is, this is a former assistant Treasury Secretary under President Reagan and former editor of The Wall Street Journal. Among things he said: On what recourse for the ordinary people exists: “Overthrow the government …. … Read more

Negotiating With Criminals | Sissy State AG’s Beg Banksters for Larger Fraudclosure Settlement

What a bunch of cowards. My new catchphrase… Don’t do the crime unless you can pick the fine… ~ States to ask banks for larger mortgage settlement WASHINGTON (Reuters) – Government negotiators plan to squeeze big banks for a larger settlement over mortgage servicing flaws when the two sides meet in Washington on Tuesday. State … Read more

Denied HAMP? Treasury’s CheckMyNPV.com Up And Running… For What it’s Worth

Getting Started With CheckMyNPV.com Overview CheckMyNPV.com is a free tool provided by the United States Department of the Treasury, and the Department of Housing and Urban Development in conjunction with the Obama Administration’s Making Home Affordable Program. CheckMyNPV.com is designed to assist homeowners in conducting a net present value (NPV) evaluation of their mortgage for … Read more

Another MERS Mess Up | IRS Trumps MERS in Case of Wrong Michigan County

  IRS trumps lender in case of wrong Michigan county It sometimes pays to check a map. Those are the exact words of a federal appeals court in a decision that bars a mortgage company from being first to put a lien on a property in northern Michigan. Mortgage Electronic Registration Systems, known as MERS, … Read more

Lender Processing Services | Best Short in the Market Right Now

  Best short in the market right now One of our biggest shorts, LPS is in big trouble. Again. Still. Lately. Late during Friday’s trading hours, this bombshell news hit, sending the stock down nearly 7%.  The following snippet comes from Yves Smith at NakedCapitalism: Former LPS Employees Allege 30% to 78% Error Rate in … Read more

Maine Supreme Court Mauls MERS | HSBC MORTGAGE SERVICES, INC. v. DANA S. MURPHY et al.

“Because we determine that the affidavits submitted by HSBC are inherently untrustworthy and, therefore, do not establish the foundation for admission of the attached documents as business records pursuant to M.R. Evid. 803(6), we vacate the judgment without reaching the substantive issues raised.” ~ MAINE SUPREME JUDICIAL COURT Decision: 2011 ME 59 Docket: And-10-90 Argued: … Read more

Matt Weidner | WARNING, THE BANKS HAVE KEYS TO YOUR HOME!

“Just like the big boys in major plaintiff law firms are now taking on the banks in the securitization and investor put back lawsuits, it’s time for the Consumer Right Attorney Warriors to step onto this battlefield and take on this fight for all of Americans. It’s also time for the press to again start … Read more

Abigale Fields | Sizing Up a Sweeping Mortgage Settlement

  Sizing up a sweeping mortgage settlement Mortgage lenders like Bank of America and Wells Fargo are fighting the fight on all fronts, with the latest being False Claims Act violations. Here’s what to look for in any settlements. By Abigail Field, contributor FORTUNE — The trouble for America’s largest mortgage lenders just keeps mounting. How … Read more